What Is The Long-Term Forecast For The Global Protein Extracts From Single Cell Protein And Other Conventional Sources Market Growing At 9.1% CAGR?
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What CAGR And Valuation Are Anticipated For The Protein Extracts From Single Cell Protein And Other Conventional Sources Market?
The market size of protein extracts sourced from single cell protein and other traditional sources has seen substantial growth in previous years. The market, which is projected to increase from $25.76 billion in 2024 to $28.2 billion in 2025, will do so at a compound annual growth rate (CAGR) of 9.5%. Factors such as population increase, environmental issues, resource shortages, food safety, and environmental repercussions have contributed to the growth observed in the historical period.
The market size for protein extracts from single cell protein and other traditional sources is anticipated to witness significant growth in the coming years, reaching $39.99 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. The rising health awareness, sustainability issues, regulatory endorsements, and changes in consumer behavior are expected to drive this growth in the forecast period. Key trends for the forecast period are the expansion of the single-cell protein sector, nutritional improvements, tailor-made nutrition, collaborations and partnerships, and advancements in technology.
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What Are The Primary Factors Supporting The Protein Extracts From Single Cell Protein And Other Conventional Sources Market Expansion?
The escalating demand for protein obtained from plant-based foods is anticipated to stimulate the expansion of protein extracts from single-cell protein and other traditional sources. The term plant-based protein sources is used to describe food items produced from protein-packed plants, including legumes like beans and lentils, nuts, seeds, tofu, tempeh, and whole grains, for instance, quinoa and buckwheat. The surge in demand for these protein sources can be traced back to the growing realization of health benefits, environmental sustainability, and animal farming ethical issues. These aspects motivate consumers to look for other protein choices that are plant-based. Protein extracts from single-cell proteins and other conventional sources are increasingly being utilized as plant-based protein sources due to the nutritional richness and sustainability they offer. These extracts provide a variety of amino acid profiles, meeting nutritional requirements while endorsing sustainable food production practices. For instance, the Good Food Institute, a non-profit organization based in the US, reported that in April 2023, global retail sales of plant-based meat and seafood in 2022 reached a booming $6.1 billion, signalling an 8% revenue growth and a 5% weight increase. Hence, this escalating demand for plant-based protein sources enhances the growth of protein extracts obtained from single-cell proteins and other conventional sources.
Which Segments Define The Structure Of The Protein Extracts From Single Cell Protein And Other Conventional Sources Market?
The protein extracts from single cell protein and other conventional sourcesmarket covered in this report is segmented –
1) By Source: Plant Protein Extract Sources; Microbial Sources – Single Cell Proteins; Microbial Sources – Direct Use
2) By Feedstock: Organic; Conventional
3) By Application: Biotechnology; Animal Feed; Agriculture And Fertilizers; Other Applications
Subsegments:
1) By Plant Protein Extract Sources: Soy Protein Extracts; Pea Protein Extracts; Rice Protein Extracts; Hemp Protein Extracts; Wheat Protein Extracts; Chickpea Protein Extracts; Potato Protein Extracts; Algae Protein Extracts; Other Plant-Based Protein Extracts
2) By Microbial Sources – Single Cell Proteins: Yeast-Based Proteins; Bacterial Proteins; Fungal Proteins; Algal Proteins; Protozoan Proteins; Other Single-cell Proteins
3) By Microbial Sources – Direct Use: Bacterial Protein Extracts; Fungal Protein Extracts; Algal Protein Extracts; Bacteriophage Proteins; Enzyme-Based Proteins
Which Long-Term Trends Will Play A Crucial Role In The Protein Extracts From Single Cell Protein And Other Conventional Sources Market?
Key players in the single-cell protein and other protein extract market are striving to develop swift production methods through biomass fermentation technology to maintain their market standing. This accelerated production of single-cell protein ingredients employs the use of biomass fermentation technology for growing microorganisms like bacteria or yeast, thereby facilitating the effective transformation of organic materials into protein-laden biomass for various uses. For example, MicroHarvest GmbH, a biotech firm located in Germany, set up a pilot plant in Lisbon in November 2023 to fast-track the commercialization of its single-cell protein ingredients. This facility enables the company to refine its technology, develop prototypes, and conduct production trials to debut its inaugural commercial product in early 2024. The plant possesses the ability to produce eco-friendly, top-quality protein ingredients containing more than 60% raw protein within 24 hours using biomass fermentation technology.
Who Are The Primary Market Leaders In The Protein Extracts From Single Cell Protein And Other Conventional Sources Market?
Major companies operating in the protein extracts from single cell protein and other conventional sources market are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Koninklijke DSM N.V., Ajinomoto Co. Inc., Kerry Group plc, Ingredion Inc., Lonza Group AG, Glanbia plc, Symrise AG, Roquette Frères, Novozymes A/S, Ashland Global Holdings Inc., Bioproton Pty Ltd., CP Kelco ApS, Omega Protein Corporation, Axiom Foods, Fermentalg SA, Cellana LLC
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What Regional Factors Are Accelerating Growth In The Protein Extracts From Single Cell Protein And Other Conventional Sources Market?
North America was the largest region in the protein extracts from single cell protein and other conventional sources market in 2024. The regions covered in the protein extracts from single cell protein and other conventional sources market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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